December 10, 2024 – Written by Tim Boyer
STORY LINK GBP/AUD Outlook: Pound Targets 4-Year Best vs Australian Dollar
Stronger expectations of a Reserve Bank of Australia (RBA) interest rate cut in the first quarter of 2025 undermined the Australian dollar on Tuesday.
The Australian dollar to dollar (AUD/USD) exchange rate dipped to just below 0.6400 and close to 4-month lows.
The Pound to Australian dollar (GBP/AUD) exchange rate strengthened to 1.9950 and close to 4-month highs.
The 2.0000 level will be a key focus…
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